Real estate in Arlington VA and surrounding areas of Fairfax County real estate, Washington DC condos & Prince William County have experienced steep appreciation rates in recent years. That has ended and a more balanced market has emerged in which buyers in most cases do not need to submit a contract within a few days of a listing becoming active. There was also a price correction from the Summer 2005 peak in which property came down 5-25% depending on location--but was contingent upon the location and type of home (condos versus single family homes). Also worth noting is that inventory is declining rapidly returning to historical averages after peaking out 150% higher in the Spring of '06 versus '05--see blog post above for details/graphs. The inventory of Arlington VA condos came down significantly during the latter half of 2006. Buyers also have much more leverage now at the negotiating table. Learn more about which brokerage can offer you the best Northern Virginia Realtor in VA.

JustNewListings.com is a cutting edge model that puts all the information & advice (ARTICLES such as How to Win Against Multiple Offers--search the real estate blog to find it) in the hands of the consumer. It is hands-off real estate with efficiency. It serves buyers and sellers for real estate in the following areas: Arlington Virginia real estate, Mclean VA, Vienna, Fairfax County, Prince William County, Springfield Virginia, Annandale Virginia & Washington DC condos. Here's some good info about VA condos in general in terms of how condos are owned & managed. JNL operates on the premise that a good portion of its users will inevitably want to use the realtor who best serves them during the information gathering stage of the home buying process when it comes time for them to start viewing property and writing contracts. Unlike many brokerages, ours is overwhelmingly comprised of full time realtors versus hobbyists who dabble in the profession several times a year. For info on Fairfax County VA JNL is the web resource for you and I'll be your Northern Virginia realtor in VA.

Arlington Virginia is a great place to start for exploring condos in Washington DC. 2 of the most important attractions are Arlington VA Cemetary where some 260,000 soldiers are buried and the Iwo Jima Memorial in the Rosslyn VA condos area. There are at least another dozen memorials and monuments in Arlington Virginia. The population is up to 195,000 and Arlington VA is perhaps the most educated county in the United States with 35% of adults holding graduate degrees. To read Wikipedia's info click the link: Arlington VA homes for sale . And for city data info on Arlington, Virginia.

For Arlington Virginia real estate home prices have appreciated so much due to the influx of jobs into the Northern Virginia real estate area in recent years. For info about Arlington County real estate tax assessements click here. During July and August 2006 another 1,517 jobs were added in Arlington County with the unemployment rate ending up at 2.3%. The average sales price of a home in Arlington VA increased 18% in 2005 to $587,000. However from quarter 2 to quarter 3 the average sales price went from $592,000 to $513,000. Keep in mind this includes Arlington Virginia condos as well. Also worth noting is many sellers in VA blithely assumed their homes were bumping upwards again and overpriced their homes from the start so the decline in real value wasn't as steep at those Quarter2-3 stats indicate. Lately, buyers and sellers have agreed on market values in Arlington County in that the average list price has come down significantly. The single family homes for sale have held value pretty well while condos prices have come down. A good sign is that the inventory of active listings is down for both condos and single family homes. One important variable to observe is that in general the number of transaction is down about 20% in 2008 versus a year ago. For more detailed and up to date analysis, graphs and numbers please go to the Arlington Virginia blog to read the market reports in depth. The link to it is above in the menu.

For Fairfax County real estate in Northern Virginia the average home prices are lower. In 2008 the median sold price for single family homes is about 18% lower than in 2007. Inventory is down and the number of transactions is up so prices are probably stabilized.

And for Washington DC real estate and condos as in other areas, home prices vary greatly depending on the neighborhood and nobody is better qualified to keep you informed as JustNewListings.com and its Virginia realtor.

For input specifically on condos Arlington Virginia prices and why many condos lost 10-15% of their value check out classic blog entry from Summer 2006: Arlington Virginia Condo Prices Must Fall. However some luxury VA condos in Arlington will hold their value well. The post explains it all....

JustNewListings.com is the best resource for cutting edge MLS searches for Annandale Virginia, Alexanrdria VA, Prince William County, McLean Virginia, and Fairfax County. Everything you need to know about Northern VA home prices & condos. And don't forget Ballston condos or Clarendon condos or Crystal City condos!

REMAX Allegiance DC & VA is by far the most productive brokerage in the area. In fact, we ranked #16 in brokerages last year in the entire nation and it ranked as the #1 Remax office in the world--some 30% more volume than the the #2 Remax franchise on the list. One cannnot beat the cutting edge Washington DC mls feature.